Adler: Biotech Startup Raised $3.25M Led by Peter Thiel, Cantos, and Refactor
“We just announced a three and a quarter million dollar round led by Peter Thiel, Cantos, and Refactor Capital to transform really the battlefield with advanced biotechnology.”
Refactor Capital Uses Delighted to Track Founder Net Promoter Scores
“So we adopted it at Refactor, and we actually used this really great, inexpensive tool called Delighted to do all that.”
Refactor Capital Prefers Scientific Founders With Clear Go-To-Market Strategies
“These founders who are scientists, especially that we spend time with in biology, especially need to have strong answers on these go to market questions. We of course help our founders in these areas as well, but we'd much rather see founders go from one to a …”
Scientist Founders Must Be Great Storytellers to Build Enduring Companies
“I think the scientist founders we meet have to be incredible storytellers. They need to be able to tell amazing stories to investors, which reduces financing risk, but they also have to be able to tell amazing stories To customers, to talent that they want to …”
Refactor Capital LPs Support Alternative Funding Structures for Deep Tech
“We're lucky enough to have some very wonderful LPs who are open to different funding structures to finance these companies.”
Refactor Capital Plans to Invest in 40 to 50 Companies Per Fund
“If we're going to invest in 40 to 50 companies in this fund, one of them has to be the breakout winner, and a few of them have to be able to, you know, cobble together another one X, let's say.”
Refactor Capital Hired an In-House Scientist for Deep Tech Diligence
“We also recently hired an in-house scientist who, helping us as well, lead a lot of the evaluation of these technologies.”
Very Few Dedicated Seed Funds Lead Rounds in Deep Tech
“Yeah, there's certainly a lot more capital and deep tech at the venture and the growth stages of investing. So let's say series a and beyond, which is really fantastic news for us at refactor, but we haven't seen many dedicated seed funds in these areas, espec…”
Zal Bilimoria Believes Engineered Biology Is Eating the World
“We believed, Biology is eating the world. Literally every portion of it.”